Mid-day Update… Still treading.

Morning break retraced, but not rejected.

Triggering this morning’s 2498.00 bias-up signal didn’t extend above the 2499.00-2501.00 post-open range. More so, it was reversed into a slide instead of rallying.

Similar to yesterday, the bias signal held until several minutes after its break would have invalidated the bias-up. Also similar to yesterday — which was a no-bias environment — the late break didn’t prevent sliding sharply.

A minimum objective at 2495.50 was tested on the way to 2492.50 support. The bias environment began lapsing with a 5-point bounce into the noon hour. Similar to yesterday, “unfinished business above” is left outstanding at 2503.50 (similar to yesterday).

Now this afternoon’s 2498.25 bias-up signal is being tested, in a no-bias environment. The attractions above could help to break through. Meanwhile, 2498.25 should define the range’s upper-end, and back under 2495.50 would trigger another slide.